Access to my new bank account?

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pda93

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Post by pda93 » Mon Sep 22, 2008 9:09 am
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Once an IVA has been negotiated and agreed, does anybody have day to day access to my new bank account and detailed knowledge of all my transactions?

Not that I'm planning on having anything to hide, but it would frighten me to think that somebody was scrutinising my every transaction.
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Skippy

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Post by Skippy » Mon Sep 22, 2008 9:10 am
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No they don't, although you will have to supply bank statements for your reviews.
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rayb

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Post by rayb » Mon Sep 22, 2008 9:14 am
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I must be one of the exceptions Skippy. I am 2 years in to my IVA and not once have I had to supply any bank statements
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Skippy

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Post by Skippy » Mon Sep 22, 2008 9:16 am
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Ooops, sounds like I'm wrong - sorry!
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rayb

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Post by rayb » Mon Sep 22, 2008 9:22 am
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Hi Skippy, I don't think you are wrong it probably depends on the company you use - maybe!!! I have just never been asked [:D]
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MelanieGiles

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Post by MelanieGiles » Mon Sep 22, 2008 9:57 am
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Not every IP looks at bank statements after an IVA has been accepted. I don't because I trust my clients to confirm if they have received any exceptional money during the year, and this seems to work quite well.
Regards, Melanie Giles, Insolvency Practitioner
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